India's currency declined more than 3% to less than 68 rupees to the U.S. dollar, a historic low. Strong month-end demand from importers for the U.S. dollar was among factors driving up sales of the rupee, foreign exchange brokers said. Higher crude-oil prices, rising in anticipation of a military strike on Syria by the U.S. and its allies, further pressured the rupee, they said.

Related Summaries